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Public Health Trust board unanimously approves four resolutions including Epic licensing and pension fund addition
Summary
On March 26 the Board of the Public Health Trust unanimously approved four agenda resolutions: the credentialing report, the purchasing report, a license and support agreement and hosting services agreement with Epic, and a pension resolution to add a HarborVest infrastructure fund to the system’s defined benefit plan.
The Board of the Public Health Trust unanimously approved four resolutions at its March 26 televised meeting: the credentialing report (Item 10A), the purchasing report (Item 10B), a license and support agreement with Epic Systems Corporation together with a hosting services agreement with Epic Hosting LLC (Item 10C), and a pension resolution authorizing the addition of a HarborVest infrastructure investment to the defined benefit pension plan (Item 10D).
A motion to approve all four items as a slate was moved and seconded; board members signaled “aye” and the chair declared the resolutions unanimously approved.
The pension committee had met earlier and recommended adding a closed‑end infrastructure fund operated by HarborVest, with a target investment of $20,000,000 over the next three years to diversify holdings and hedge against inflation and other risks. The committee’s recommendation was described in the meeting as having been approved unanimously by the pension committee before coming to the full board.
The pension presentation also noted that Peter Bermont, who led the pension committee for 14 years, announced he is stepping down effective the day of the meeting. The presentation said the pension grew under his leadership from about $57,000,000 to approximately $1,300,000,000.
The Epic agreements were described on the agenda as a license and support agreement with Epic Systems Corporation and a hosting services agreement with Epic Hosting LLC; the board approved the resolution to authorize those agreements but did not discuss contract dollar amounts during the open meeting.
No board member opposed the slate. The board adjourned after the vote.
